After the news of the Fed's interest rate cut came out, the crypto market was very bearish in the short term, but on the other hand, it also exacerbated the concerns of some market participants about the economic recession. Perhaps for this reason, there are many crypto whales that have made frequent moves recently. Even Shenyu, who has always been "calm and low-key", recently deposited 85.6 WBTC (worth $5.37 million) to Binance. It is not clear whether it is "exchanging pocket money" or regular "asset movement".
However, from now until the results of the US election are released, as the market goes up, the selling tide of crypto whales may continue with the help of the upward trend.
